There are about 10 million weddings in India annually, which leads to a business of $ 50 billion.
In such a situation, you can make good profits by investing money in the stocks associated with this industry.
Share market expert Ajay Kedia has advised to invest in 4 stocks related to this sector.
New Delhi. Wedding season has started. Now the income of different industries related to it will increase. You can also take advantage of this along with the companies. You can take advantage of the increased income of companies due to marriages by investing in their shares. However, there are many companies that are in this business so selecting the stocks can be a complicated process. In such a situation, on the advice of an expert, you can invest money in the shares of the respective companies.
Today we will tell you about four such stocks which have been advised to buy by experienced investors. Along with this, you will also get information about the target price given to these shares in this article. Let us tell you that there are about one crore marriages in India annually, through which a business of about $ 50 billion is done. Let us see which stocks are being advised by experts to invest in.
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Indian Hotels Company
About 8 analysts have strongly recommended buy on IHCL. Whereas, Ajay Kedia of Kedia Commodities has given a target price of Rs 435. India Hotels is trading around Rs 313 with a decline of 0.75 per cent. Its 52-week high is Rs.349 and low is Rs.171.
easy my trip
There is slight upside in this stock. It had come out above 2.5 per cent in morning trade, but it has come down sharply since the firm’s grip on the market. However, it is still trading in the green area only. Its current price is around Rs 403. Its 52 week high is 476.50 and low is Rs 239.
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There is tremendous sale of clothes in marriages and these clothes are also expensive. In such a situation, Ajay Kedia has advised to buy Raymond’s stock. He has said that it can be bought with a target price of Rs.1500. There is a tremendous boom in its shares today. Around 3.10 pm, this share jumped more than 7 percent and is trading at Rs.1297. Its 52 week high is Rs 1329 and low is Rs 493.
Jewelry is also bought on a large scale in weddings. In such a situation, Ajay Kedia has advised to buy Kalyan Jewelers India Limited. This stock had given tremendous profits even in the festive season till Diwali. However, today it is showing a little pressure and is trading slightly above 102, breaking 0.63 percent. Ajay Kedia has given it a target price of Rs 140. Its 52-week high is Rs 109.55 and low is Rs 55.05.
(Disclaimer: The stocks mentioned here are for informational purposes only. If you wish to invest in any of these, please consult a Certified Investment Advisor first. News18 is not responsible for any profit or loss caused by you. Will happen.)
Tags: investment tips, Share market, stocks, Wedding
FIRST PUBLISHED : November 14, 2022, 15:32 IST